450 Decatur StDenver, CO 80204

Property Details for 450 Decatur St

Year built

1967

Construction

WOOD

Lot size

0.54 AC

Property size (Sq ft)

8,169 SF

Zone code

I-MX-3

Property type

Office properties

Property subtype

Office buildings

APN

05081-18-010-000

APU

508118010000

Description

This exceptional two-story, 8,170-square-foot office building presents a unique owner-user opportunity in Denver's vibrant Valverde neighborhood. The property boasts a versatile layout ideal for creative, executive, or traditional office uses, featuring collaborative workspaces throughout. Amenities include a training room, two conference rooms, three huddle rooms, a break room, and an entertainment area. Ample parking is provided with 33 spaces on-site. Situated on a 23,496-square-foot lot, the building is zoned I-MX-3 (Industrial-Mixed Use-3 stories), offering flexibility for future development. Its prime location offers easy access to major transportation arteries, including the 6th Avenue Freeway and I-25, placing it within minutes of key areas. The property benefits from its proximity to new developments in Sun Valley and River Mile, ensuring strong future growth potential. Currently vacant, this building presents an immediate opportunity for a business to establish its presence in a thriving Denver location. The building's layout is approximately 4,085 square feet per floor. This is a Class B property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,752,951

  6.5%

  $1,618,109

  7%

  $1,502,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $674,923

  Geo Method

  $674,923

• Alternative Use

  Use

  Valuation

  Residential

  $2,006,455

  Hospitality

  $1,837,902

  Educational

  $1,529,113

  Medical

  $1,581,702

  Retail

  $2,378,620

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7232

Longitude

-105.022

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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